Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S. Alphabet-owned driverless vehicle unit Waymo just closed a $5.6 billion funding round to expand its robotaxi service across the U.S.

Elon Musk is $26 billion richer after Tesla’s best day on the stock market since 2013 Tesla shares soared 22% on Thursday, lifting the world’s richest person’s net worth by roughly $26 billion.

G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets The economic lifeline is expected to be disbursed by the end of the year.

Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs Investors that got into Bridge Network a few months ago are tripling their money after Stripe agreed to buy the crypto company this week.

Nvidia supplier SK Hynix to build $6.8 billion chip plant in South Korea SK Hynix’s plant will be in the Yongin Semiconductor Cluster where the South Korean government is looking to build a massive complex of chip operations.

Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs With the launch of the first spot ether ETFs this week, crypto firm Grayscale faces a new competitive threat.

Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI’s software, named Grok, into its vehicles.

Alphabet to invest $5 billion in self-driving car unit Waymo Alphabet’s extra $5 billion investment in Waymo comes after steady growth in revenue and citywide expansions.

Wiz rejects Google’s $23 billion takeover in favor of IPO Wiz reportedly abandoned the deal over antitrust and investor concerns. | Illustration: The VergeCybersecurity startup Wiz has turned down a $23 billion takeover bid from Google’s parent, Alphabet, breaking off what would have been the largest acquisition in the search giant’s history. In an internal memo seen by CNBC, Wiz co-founder Assaf Rappa…

Google’s Plan to Buy Wiz for $23 Billion Falls Apart Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.

Ford Investing $3 Billion In New Trucks After Delaying Small EV Ford is investing $3 billion to build more of its extremely profitable F-Series Super Duty pickup trucks at a plant in Ontario, Canada that was previously earmarked to build an electric crossover. The plant is set to be opened in 2026, and it will employ 1,800 workers to build the large work trucks. The move will add… Read more…

Puerto Rico files $1 billion suit against fossil fuel companies An aerial view of the flooded neighborhood of Juana Matos in the aftermath of Hurricane Maria in Cataño, Puerto Rico, on Friday, September 22nd, 2017. | Photo: Getty ImagesPuerto Rico filed suit against fossil fuel companies this week, alleging that the oil and gas giants have misled the public about climate change and delayed a transition to cl…

Music labels sue Verizon for more than $2.6 billion Illustration by Alex Castro / The VergePowerful record labels, including UMG Recordings, Warner Music, and Sony Music, filed a lawsuit Friday accusing Verizon of intentionally ignoring its customers’ copyright violations for profit, reports Music Business Worldwide. The plaintiffs say they are entitled to as much as $150,000 per violation under…

GM And Stellantis Get $1 Billion From Feds For EVs Good morning! It’s Thursday, July 11, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more…

I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion The beefed-up enforcement is part of the agency’s modernization initiative aimed at improving customer service and catching wealthy tax evaders.

Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.

Cambodia’s Huione Guarantee Enables Global Scams Worth $11 Billion: Report Huione Guarantee, a Cambodian online financial platform linked to the nation’s ruling family, is a marketplace enabling the global scam economy, particularly pig-butchering scams, to the tune of $11 billion, a report by Wired alleges.

Bloomberg’s $1 Billion Gift of Free Medical School Tuition Only Applies to Some A donation from Bloomberg Philanthropies will provide free tuition for Johns Hopkins medical students, if their families make less than $300,000 a year.

U.S. Plans Up to $1.6 Billion in Funding for Packaging Computer Chips The proposed funding, part of the CHIPS Act, is intended to stoke chip packaging, a process that helps drive progress in semiconductors but that takes place mostly in Asia.

The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors For weeks, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin, placing pressure on the world’s largest cryptocurrency.